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Judicial Member Sanjay...

Notice Issued Post 01.04.2021 for AY 2015-16 is Barred by Limitation: ITAT Quashes Reassessment Order u/s 147 [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, held that notice issued by the Assessing Officer (AO) after 1.04.2021 for Assessment Year...

Assessee made aware of Income Tax Demand only after SMS/Call from Dept.: ITAT condones 223 Day Delay...

ITAT Directs Fresh Examination of Alleged Accommodation Entry Addition Based on Investigation Wing...

On-Money Addition Unsustainable for Post-Search Property Purchase: ITAT Deletes ₹23 Lakh Unexplained...

Annual Income Tax Case Digest: ITAT Decisioncs 2025 [Part VIII]

Business Loss on Wind Turbine Generators Capital in Nature: ITAT Upholds Disallowance of ₹10.42 Crore u/s 37 [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) upheld the disallowance of ₹10.42 crore claimed by Gujarat Energy Development Agency on account of impairment of assets and abnormal...

No Misreporting, No Penalty: ITAT Deletes ₹7.40 Crore Levy u/s 270A on Gujarat Energy Development Agency [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has deleted the penalty of ₹7.40 crore imposed on Gujarat Energy Development Agency under Section 270A, holding that the assessee did...

ITAT deletes ₹1.53 Crore Addition on Petrol Pump’s Demonetization Cash Deposits, citing Legal Acceptance of Old Notes [Read Order]

The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has deleted an addition of ₹1.53 crore made under Section 69A in the case of a petrol pump owner for the Assessment Year 2017-18. The ...

Non-Mention of Agents’ Names on Bills Not Sufficient to Disallow Commission: ITAT Deletes ₹20.4 Lakh Addition [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the absence of agents’ names on bills alone cannot justify disallowance of commission or brokerage expenditure,...

Sales Tax Subsidy under Backward Area Development Scheme Classified as Capital Receipt: ITAT Excludes Computation u/s. 115JB [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad, held that sales tax subsidy received under a state industrial incentive scheme is a capital receipt not liable to tax under the Income Tax Act,...

Depreciation on Goodwill Arising from Amalgamation Valid: ITAT Clarifies Prospective Effect of Finance Act Amendments [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has ruled in favor of the assessee on the issue of depreciation on goodwill, holding that depreciation is allowable on goodwill arising from...

Legal Heir Cannot Be Expected to Explain Unexplained Bank Credits of Deceased: ITAT notes AO fails to Verify Sources, Deletes Penalty [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) deleted penalty under section 271(1)(c) of Income Tax Act,1961, holding that a legal heir cannot be expected to explain unexplained ...